As the national capital of Canada, Ottawa boasts an impressive past along with an abundance of natural beauty. With its flourishing population and a variety of thriving neighborhoods, it offers a plethora of opportunities to raise a family without constantly worrying about the safety of your loved ones. If you are thinking of buying a house for the first time in Manotick, Ottawa, you need to consider the following factors before making a move.
A Thriving Real Estate Market
The Ottawa property market has witnessed steady and stellar growth in the recent past, which has led to a modest increase in real estate rates, and this trend is highly unlikely to change in the coming years. With a significant majority of properties selling for seven hundred fifty-one thousand and fourteen dollars at the very least, the average cost of homeownership in Ottawa remains a tad higher when compared to the national average of seven hundred forty-six thousand and one hundred forty-six dollars.
Fortunately, if you are contemplating buying a house for the first time in Manotick, Ottawa you may still come across dozens of homes in and around Manotick that cost less than the aforementioned figure and are increasingly affordable. The Ottawa housing market would surely yield a fortune for long-term investors, and hence, let the soaring property prices not discourage you from acquiring a stake in the local real estate.
Stunning Surrounding Communities
Ottawa is a Canadian city with a large suburban area comprising communities that differ considerably in terms of lifestyle and environment. You may consider any of them and must look beyond downtown or central Ottawa in case you are searching for a reasonably priced home. However, keep in mind to factor in the rising gas prices and your commuting expenses too when exploring potential neighborhoods.
Affordable Secondary Markets
Although Ottawa is a sprawling city with numerous clusters of high-worth homes, it also features umpteen secondary markets that are best suited to first-time buyers with moderate or low incomes. These span throughout the suburban city area and the odds are favorably high—of being able to zero in on a hidden gem situated in a central location without having to pay a ridiculous amount as it is the de facto case for upscale neighborhoods.
A Truly Diverse Climate
With the weather ranging from cool and dry to hot and humid, Ottawa suffers from extreme temperature variations. Whilst the city homes are fully capable of withstanding the temperature extremities, they require periodic maintenance. The plumbing, HVAC, and drainage systems ask for regular care in particular since the same are more susceptible to such issues. However, despite this additional upkeep, Ottawa residents find the serene landscape and the varied climate make it well worth the extra effort.
The melting snow often results in flooding in certain parts of the city with the onset of spring, and whilst the concerned authorities implemented appropriate measures of late to prevent this from occurring in the future, a few properties situated near the Ottawa River may still be at risk. However, most inland properties are completely safe since the rainwater drainage system in the city operates effectively even when the ice melts.
To conclude, Ottawa is such a wonderful place to call home, with its thriving real estate market, stunning surrounding communities, affordable secondary markets, and a truly diverse climate. Whether you are buying a house for the first time in Manotick, Ottawa, or happen to be a seasoned homeowner, there is simply no place like the Canadian national capital.
Call Chris Lacharity now to schedule a no-obligation consultation at your convenience!